November 11 meeting sets out review process
An Aruba financial risk assessment update was discussed when Finance Minister Geoffrey Wever met the national anti-money-laundering and counter-terrorist-financing steering group on November 11, according to 24ora. The work will build on the 2020 National Risk Assessment rather than start from an entirely new framework.
Sixteen sectors to be reassessed
The plan calls for questionnaires and working groups to collect, examine and validate information across 16 sectors. The assessment is intended to identify sector risks, establish Aruba’s overall risk picture and support recommendations and an action plan. The process will continue using the World Bank assessment tool.
Publication remains subject to validation and approval
Data collection and analysis are expected to continue in 2027, followed by validation and completion in 2028. The target is publication in the third quarter of 2028, subject to timely information, validation and formal approval. FIU-Aruba is leading a national secretariat to assist coordination among public bodies and private-sector representatives, the report says.
Source: Read the original 24ora report.
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